The Catalytic Effect of Lending by the International Financial Institutions

Graham Bird and Dane Rowlands

Chapter 12 in International Finance and the Developing Economies, 2004, pp 204-226 from Palgrave Macmillan

Abstract: Abstract For many less developed countries (LDCs) and countries in transition (CITs) external financing is frequently an effective constraint on economic growth and development. Capital inflows may be used to overcome shortages of domestic saving, thereby permitting higher levels of investment, as well as shortages of foreign exchange, thereby permitting larger quantities of imports.

Keywords: International Monetary Fund; Catalytic Effect; Capital Flow; Capital Inflow; Penn World Table (search for similar items in EconPapers)
Date: 2004
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Journal Article: The Catalytic Effect of Lending by the International Financial Institutions (1997)
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DOI: 10.1057/9780230599840_12

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